Six Flags Inc. was and still is in alot of debt. The land that Astroworld occupied was thought to be worth alot of money, so the land where Astroworld once stood was sold to pay off debt. Sadly though, the sale didn't generate as much money as expected, and the company is still in debt. Even worse; the land is nothing but a strip of dirt to this day.
There are no other Six Flags parks being sold/demolished. Six Flags is now trying to clean up the appearance of their existing parks, and is trying to draw in more families. Families spend the most money, and the parks are trying to add family-friendly attractions and rides for this reason.
It is a shame that we had to lose Astroworld;having a nice theme park visible just off the highway sure beats the ugly strip of dirt that is there now. :( I always hoped that future generations would be able to experience the Texas Cyclone, Greezed Lightnin',ect, but unfortunately that will never happen.
On September 12, 2005, Six Flags announced that it would close AstroWorld at the end of the 2005 season and would sell the 109 acre park site. Six Flags cited reasons for closure as being the park's overall performance, site constraints and parking rights to Reliant Park, the Houston Texans football team, and the Houston Livestock Show and Rodeo. [6]
Angel/McIver Interests, a Conroe, Texas based land development firm, purchased the cleared tract of land. Six Flags reported the selling price of $77 million (and a demolition cost of $20 million) in a corporate earnings report. [7] Plans for the former site have not been determined. Local developers feel that the size and location along the 610 Loop near the Reliant Park complex and proximity to METRORail make it ideal for a dense urban type of development.
Some of the park's rides and attractions were relocated to other Six Flags parks while many were scrapped or were too badly damaged during demolition to be reassembled elsewhere. ''Greezed Lightnin' was relocated to Joyland Amusement Park in Lubbock, Texas [8]. The Dentzel carousel was purchased by Brass Ring Entertainment and is being refurbished and prepared for an as-yet undisclosed museum location
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Six Flags Inc. was and still is in alot of debt. The land that Astroworld occupied was thought to be worth alot of money, so the land where Astroworld once stood was sold to pay off debt. Sadly though, the sale didn't generate as much money as expected, and the company is still in debt. Even worse; the land is nothing but a strip of dirt to this day.
There are no other Six Flags parks being sold/demolished. Six Flags is now trying to clean up the appearance of their existing parks, and is trying to draw in more families. Families spend the most money, and the parks are trying to add family-friendly attractions and rides for this reason.
It is a shame that we had to lose Astroworld;having a nice theme park visible just off the highway sure beats the ugly strip of dirt that is there now. :( I always hoped that future generations would be able to experience the Texas Cyclone, Greezed Lightnin',ect, but unfortunately that will never happen.
On September 12, 2005, Six Flags announced that it would close AstroWorld at the end of the 2005 season and would sell the 109 acre park site. Six Flags cited reasons for closure as being the park's overall performance, site constraints and parking rights to Reliant Park, the Houston Texans football team, and the Houston Livestock Show and Rodeo. [6]
Angel/McIver Interests, a Conroe, Texas based land development firm, purchased the cleared tract of land. Six Flags reported the selling price of $77 million (and a demolition cost of $20 million) in a corporate earnings report. [7] Plans for the former site have not been determined. Local developers feel that the size and location along the 610 Loop near the Reliant Park complex and proximity to METRORail make it ideal for a dense urban type of development.
Some of the park's rides and attractions were relocated to other Six Flags parks while many were scrapped or were too badly damaged during demolition to be reassembled elsewhere. ''Greezed Lightnin' was relocated to Joyland Amusement Park in Lubbock, Texas [8]. The Dentzel carousel was purchased by Brass Ring Entertainment and is being refurbished and prepared for an as-yet undisclosed museum location
References
1. http://www.tsha.utexas.edu/handbook/online/article...
2. http://www.corp.carrier.com/vgn-ext-templating/v/i...
3. http://www.imdb.com/name/nm0240237/bio
4. http://www.rcdb.com/id54.htm
5. http://history.amusement-parks.com/cyclonepage.htm
6. http://houston.bizjournals.com/houston/stories/200...
7. http://www.bizjournals.com/houston/stories/2006/05...
8. http://www.joylandpark.com/coaster.html
They weren't making enough money. A lot of other Six Flags are being demolished.
Six Flags has been in debt since forever. Pretty much every single amusement park operates in debt.